More than a third (38%) of finance brokers say lower taxes are needed to boost SME growth this year, according to iwoca’s latest SME Expert Index. This is double the next choice of reforming business rates (19%). Economic worries With almost three-quarters (70%) of finance brokers saying conditions for SMEs have worsened since the Labour government […]
Asset Based Lending (ABL) is being hailed as the most underused and underestimated form of business finance by independent lender, Time Finance, after new data shows only 19% of UK SMEs are using ABL. The data comes from Time Finance’s recent Finance Apathy survey, commissioned in partnership with Censuswide to uncover the attitudes towards business […]
Small business owners across the UK are facing a harsh reality – many are too overworked and financially stretched to take a much-needed holiday, potentially pushing themselves to the brink of burnout. According to new research from InsureandGo, a significant portion of the UK’s 5.51 million small business owners are missing out on holidays to keep their […]
Despite promising UK infrastructure investments announced, many small businesses could still be left with unanswered questions following the chancellor’s speech on growth, leaving many uncertain of their ability to achieve their growth ambitions this year. Research from Simply Asset Finance, which surveyed 500 UK small business owners before and after the Autumn Budget, revealed that […]
Dr. Steve Walker is CEO at ART Business Loans, a Community Development Finance Institution (CDFI) which provides business loans in the Midlands and surrounding counties. “Earlier this month, new research from Time Finance reported that 60% of SMEs are not considering alternative finance options. The survey found that six in 10 UK businesses choose their […]
The UK Black Business Entrepreneurs Conference (BBEC) kicked off the first leg of its highly anticipated Business Masterclass tour on Tuesday, 11 February, at the NatWest Conference Centre in Bishopsgate, London. The theme of the BBEC Business Masterclass is ‘Building Capacity & Sustainability’. The masterclasses are tailored for individuals passionate about building successful businesses while […]
New regulations for shipments to Northern Ireland are set to go live on 31 March, 2025. But the latest ONS survey reveals GB businesses trading with Northern Ireland are already suffering from rising transport costs. The international delivery expert Parcelhero warns transport & storage sector companies’ NI volumes tumbled by 25.9% in December 2024. The […]
Award-winning SME lender 365 Finance has expanded into the Republic of Ireland, supporting the growth of Irish businesses and entering the EU marketplace. The funder’s international growth strategy is to leverage the company’s highly automated AI-powered lending platform in other markets. 365 Finance has advanced over £500m to UK-based SMEs since inception in 2014, and […]
The Current Account Switch Service (CASS), which is owned and operated by the UK’s leading payments authority Pay.UK, has welcomed Zempler Bank, the microbusinesses focused digital bank, to the Service. Zempler Bank offers current accounts and credit products for small businesses, start-ups, sole traders and consumers with a focus on easy-to-access, simple-to-use digital products and high-quality service delivered […]
The percentage of UK small business owners predicting growth (33%) has dipped to a nine-month low, according to the latest quarterly data from Novuna Business Finance. Whilst 45% see Q1 as a standstill period, there is a four-year high in the percentage of small businesses saying they will contract by the end of March (13%) […]
